
Cheap Homes for Rent near Frankfort Square, IL from $1,500 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Frankfort Square.


11116 Front St

4032 216th St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

10712 Mary Ln

4624 Saratoga Rd

17950 Michael Ave
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

4020 216th St
Frankfort Square, IL Local Guide

How much does it cost to rent a home in Frankfort Square?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Frankfort Square 2 Bedroom Homes for Rent | $2,277 | $1,500 | $3,400 |
| Frankfort Square 3 Bedroom Homes for Rent | $2,608 | $1,900 | $3,500 |
| Frankfort Square 4 Bedroom Homes for Rent | $3,268 | $2,400 | $4,200 |
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Frankfort Square, IL Local Guide
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Cheapest Available Frankfort Square Apartments for Rent and Nearby
 The cheapest available apartment rental in Frankfort Square, IL is a Studio unit found at Crest Apartments in the University Park neighborhood priced from $800. Linden Park Apartments in the Downtown Park Forest neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,110. Here is today’s list of the most affordable Frankfort Square apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Crest Apartments | Studio | Studio,1BA | $800 |
| Linden Park Apartments | Studio B | Studio,1BA | $1,110 |
| Carriage Creek Apartments | Studio Mid-Rise | Studio,1BA | $1,135 |
Best Value Apartments for Rent in Frankfort Square, IL and Nearby
As of August 23, 2026 the best value apartment in the Frankfort Square area is the $1.86 price per square foot 3 Bedroom UNIV Model at Dynasty House Apartments in the in the University Park neighborhood starting from $1,905. The second greatest value Frankfort Square apartment is the 1BR/1BATH Model at Heritage Manor starting at $1,450 with a $1.53 price per square foot in the Meadow Park neighborhood. Here is today’s list of the best values for Frankfort Square apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Dynasty House Apartments | 3 Bedroom UNIV | 3BR,2BA | $1.86 |
| Heritage Manor | 1BR/1BATH | 1BR,1BA | $1.53 |
| Olympic Village Apartments | The Maple | 2BR,1BA | $1.60 |
| Cedar Ridge Apartments | 2 Bed 1 Bath | 2BR,1BA | $1.66 |
| The Residences at 159 Tinley Park Place | 2 Bedroom Large | 2BR,1BA | $1.95 |
| 15744 S Lake Dr | 2 Bed 1 Bath | 2BR,1BA | $1.92 |
| Maple Leaf Apartments | Garden | 1BR,1BA | $1.66 |
| Park Towers Apartments | 1 Bed 1 Bath A | 1BR,1BA | $1.81 |
| Oakwood Townhomes | 1 Bedroom 1 Bath Townhome Renovated | 1BR,1BA | $2.09 |
| Crest Apartments | Studio | Studio ,1BA | $1.78 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Frankfort Square
What type of rentals are currently available in Frankfort Square?
There are currently 30 Apartments for Rent in Frankfort Square, IL with pricing that ranges from $800 to $5,422. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Frankfort Square ranging from $1,500 to $4,200.
What is the current price range for Rental Homes in Frankfort Square?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Frankfort Square ranges from $1,500 to $4,200 with an average monthly rent of $2,683.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.